Pacific Gas & Electric Co (PCG)

[norcalpsl]

In the long run I believe PGE will be a leaner meaner more profitable company than they are today. More than likely they will use this bankruptcy to clean up their balance sheet in many ways. Could pull the pac bell/ att trick and sell of liabilities to smaller companies just like pac bell att did to frontier. Also they will probably renegotiate their renewable energy contracts solar has become big business in ca and is stripping profits from PGE. Also socal Edison has been trying to buy portions of PGE for years so say the rumors. But I don’t think any of this helps the current share holders or rate payers. The common shares of today may no longer exist in the future or may get split who knows? Pge is a huge company with huge overhead etc but the liabilities from the fires as well with aging infrastructure, loss of profits, etc. imo PGE does all it can to liquidate liabilities through this bankruptcy. But at the end of all of it rates will rise unfortunately. Much of the electricity in ca is used moving water. Ag water, drinking water, wastewater etc. with the drought a few years ago and resulting water conservation measures and rules PGE is losing money their too. Just my opinions but in short term I see more bad than good. Also full disclosure I own zero shares and do not have any investment position in PGE at this time. Just watching and researching.